The Minister of Women Affairs, Hajia Imaan Sulaiman-Ibrahim, has urged all stakeholders to take immediate and decisive action to empower women through financial literacy and inclusion.

The minister said this during an event to commemorate International Women’s Day with the theme, “Accelerate Action” – Empowering Women Through Financial Literacy & Inclusion.”

The event, organised by the Securities and Exchange Commission (SEC) and co-sponsored by United Capital Asset Management Limited and Stanbic IBTC Asset Management, saw the gathering of financial leaders, and women’s groups committed to advancing financial education and empowerment.

Sulaiman-Ibrahim commended SEC’s efforts in championing financial literacy, stressing that equipping women with financial knowledge is key to their economic empowerment.

“Financial literacy is not just about understanding money, it’s about giving women the tools to take control of their futures,” she stated.

In his remarks, the Director-General of the SEC, Dr Emomotimi Agama, described the celebration as an important event as women are the ones to move the market to the next level.

Agama emphasised the importance of women in the financial ecosystem, noting their natural ability to grow wealth and drive economic expansion.

He, however, warned of the risks women face, particularly their susceptibility to Ponzi schemes due to their deep financial responsibilities within families.

The SEC DG affirmed the commission’s commitment to financial education for women, stating that its collaboration with the Women Affairs Ministry will provide more resources to support women’s financial empowerment.